HVAC Systems Market by Equipment Type (Heating (Heat Pump, Furnace), Ventilation (Air Filter, Dehumidifier, Air Purifier), Cooling (Room AC, Unitary AC, Chiller)), Software & Services, Implementation Type, Application, and Geography - Global Forecast to 2022
“HVAC systems market to exhibit high growth potential during the forecast period”
The HVAC systems market is expected to grow at a CAGR of 5.9% between 2016 and 2022 and reach USD 173.16 billion by 2022. The key driving factors for the growth of the HVAC systems market are government incentives through tax credit programs, increasing construction activities, and government regulations and policies for energy saving.
“Heating equipment expected to grow at a high rate in the overall HVAC systems market during the forecast period“
The growth of the heating equipment market is mainly driven by government financial incentive programs, low operating cost and high operating capacity, higher efficiency of equipment, and increasing demand in the residential market.
“APAC to be the leading and fastest-growing market for HVAC systems during the forecast period”
The growth of the HVAC systems market in APAC is attributed to the increase in industrialization and urbanization, increase in the disposable income of consumers, and change in climate conditions. Further, introduction of government programs for promoting energy savings has also helped the HVAC industry to grow in the region. Some of the regulations contributing to the growth of the region are Commercial Building Disclosure (CBD) Program (Australia), Energy Conservation Building Codes (India), LEED-INDIA, and Indian Society of Heating, Refrigerating, and Air-Conditioning Engineers (ISHRAE).
Break-up of the profiles of primary participants for the report has been given below:
Reasons to buy the report:
The HVAC systems market is expected to grow at a CAGR of 5.9% between 2016 and 2022 and reach USD 173.16 billion by 2022. The key driving factors for the growth of the HVAC systems market are government incentives through tax credit programs, increasing construction activities, and government regulations and policies for energy saving.
“Heating equipment expected to grow at a high rate in the overall HVAC systems market during the forecast period“
The growth of the heating equipment market is mainly driven by government financial incentive programs, low operating cost and high operating capacity, higher efficiency of equipment, and increasing demand in the residential market.
“APAC to be the leading and fastest-growing market for HVAC systems during the forecast period”
The growth of the HVAC systems market in APAC is attributed to the increase in industrialization and urbanization, increase in the disposable income of consumers, and change in climate conditions. Further, introduction of government programs for promoting energy savings has also helped the HVAC industry to grow in the region. Some of the regulations contributing to the growth of the region are Commercial Building Disclosure (CBD) Program (Australia), Energy Conservation Building Codes (India), LEED-INDIA, and Indian Society of Heating, Refrigerating, and Air-Conditioning Engineers (ISHRAE).
Break-up of the profiles of primary participants for the report has been given below:
- By Company Type: Tier 1 – 45%, Tier 2 – 40%, and Tier 3 – 15%
- By Designation: C–Level Executives – 25%, Directors– 35%, Others – 40%
- By Region: North America - 30%, Europe – 25%, APAC – 40%, RoW – 5%
Reasons to buy the report:
- Illustrative segmentation, analysis, and forecast for the market based on heating equipment, ventilation equipment, cooling equipment, implementation type, application, software and service, and geography has been conducted to give an overall view of the HVAC systems market.
- The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the HVAC systems market.
- The major drivers, restraints, opportunities, and challenges for the HVAC systems market have been detailed in this report.
- The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 SCOPE OF THE STUDY
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS – HVAC SYSTEMS MARKET
4.1 HVAC SYSTEMS MARKET, 2016–2022 (USD BILLION)
4.2 HVAC SYSTEMS MARKET, BY EQUIPMENT TYPE (2016–2022)
4.3 HVAC SYSTEMS MARKET, BY EQUIPMENT AND REGION (2016)
4.4 HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE (2016)
4.5 HVAC SYSTEMS MARKET, BY GEOGRAPHY (2016)
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.2.1 HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT
5.2.2 HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT
5.2.3 HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT
5.2.4 HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE
5.2.5 HVAC SYSTEMS MARKET, BY APPLICATION
5.2.6 HVAC SYSTEMS MARKET, BY SOFTWARE AND SERVICE
5.2.7 HVAC SYSTEMS MARKET, BY GEOGRAPHY
5.3 DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Government incentives through tax credit programs expected to drive the growth of the HVAC systems market
5.3.1.2 Increasing construction activities that would boost the implementation of HVAC systems
5.3.1.3 Government regulations and policies for energy saving expected to boost demand for HVAC systems
5.3.1.4 Growing trend of smart homes expected to increase the demand for HVAC systems
5.3.2 RESTRAINTS
5.3.2.1 High costs of skilled labor as well as installation
5.3.2.2 Lack of awareness about the benefits of HVAC systems
5.3.3 OPPORTUNITIES
5.3.3.1 Development of the next generation low global warming potential refrigerants for HVAC systems
5.3.3.2 Transformation of IoT within the HVAC industry
5.3.4 CHALLENGES
5.3.4.1 Complexities in the replacement of HVAC systems in existing buildings
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 PORTER’S FIVE FORCES MODEL
6.3.1 INTENSITY OF COMPETITIVE RIVALRY
6.3.2 THREAT OF SUBSTITUTES
6.3.3 BARGAINING POWER OF BUYERS
6.3.4 BARGAINING POWER OF SUPPLIERS
6.3.5 THREAT OF NEW ENTRANTS
6.4 REGULATORY STANDARDS
6.4.1 MONTREAL PROTOCOL
6.4.2 KYOTO PROTOCOL
6.4.3 LEED CERTIFICATION
7 HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT
7.1 INTRODUCTION
7.2 HEAT PUMP
7.2.1 AIR-TO-AIR HEAT PUMP
7.2.2 AIR-TO-WATER HEAT PUMP
7.2.3 WATER-TO-WATER HEAT PUMP
7.3 FURNACE
7.3.1 OIL FURNACE
7.3.2 GAS FURNACE
7.3.3 ELECTRIC FURNACE
7.4 BOILER
7.4.1 STEAM BOILER
7.4.2 HOT WATER BOILER
7.5 UNITARY HEATER
7.5.1 GAS UNIT HEATER
7.5.2 OIL FIRED UNIT HEATER
7.5.3 ELECTRIC UNIT HEATER
8 HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT
8.1 INTRODUCTION
8.2 HUMIDIFIER
8.2.1 WARM-MIST HUMIDIFIER
8.2.2 ULTRASONIC HUMIDIFIER
8.2.3 COOL-MIST HUMIDIFIER
8.3 DEHUMIDIFIER
8.3.1 REFRIGERATION DEHUMIDIFIER
8.3.2 ABSORPTION DEHUMIDIFIER
8.4 AIR PURIFIER
8.4.1 HEPA AIR PURIFIER
8.4.2 ACTIVATED CARBON AIR PURIFIER
8.4.3 ELECTROSTATIC AIR PURIFIER
8.4.4 IONIC AIR PURIFIER
8.5 AIR FILTER
8.6 VENTILATION FAN
8.6.1 CROSS FLOW FAN
8.6.2 AXIAL FAN
8.6.3 CENTRIFUGAL FAN
8.6.4 DOMESTIC FAN
8.6.5 RANGE HOOD FAN
8.6.6 POWER ROOF FAN
8.7 OTHERS
8.7.1 DUCT
8.7.1.1 Rigid duct
8.7.1.2 Flexible duct
8.7.2 DIFFUSER
9 HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT
9.1 INTRODUCTION
9.2 ROOM AIR-CONDITIONER
9.3 UNITARY AIR-CONDITIONER
9.3.1 SPLIT-AIR-CONDITIONER
9.3.2 PACKAGED AIR-CONDITIONER
9.4 CHILLER
9.4.1 SCROLL CHILLER
9.4.2 SCREW CHILLER
9.4.3 CENTRIFUGAL CHILLER
9.4.4 RECIPROCATING CHILLER
9.4.5 ABSORPTION CHILLER
9.5 COOLER
9.5.1 DUCTED COOLER
9.5.2 WINDOW COOLER
9.6 COOLING TOWER
9.6.1 EVAPORATIVE COOLING TOWER
9.6.2 DRY COOLING TOWER
9.6.3 HYBRID COOLING TOWER
10 HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE
10.1 INTRODUCTION
10.2 NEW CONSTRUCTION
10.2.1 GOVERNMENT REGULATIONS FOR GREENER BUILDINGS AND SMART CONTROLS IS CHANGING HVAC INDUSTRY
10.3 RETROFIT BUILDING
10.3.1 ATTRACTIVE TAX BENEFITS BY THE U.S. GOVERNMENT FOR ENERGY-EFFICIENT HVAC SYSTEM IS ENCOURAGING RETROFIT MARKET
11 HVAC SYSTEMS MARKET, BY APPLICATION
11.1 INTRODUCTION
11.2 RESIDENTIAL
11.2.1 INCREASING AWARENESS FOR ENERGY EFFICIENCY
11.2.2 GOVERNMENT REGULATIONS AND TAX CREDIT PROGRAMS TO PROMOTE HVAC SYSTEM
11.3 COMMERCIAL
11.3.1 HEALTHCARE
11.3.2 EDUCATION
11.3.3 GOVERNMENT
11.3.4 OFFICE
11.3.5 AIRPORT
11.3.6 RETAIL
11.4 INDUSTRIAL
11.4.1 ENERGY EFFICIENT HVAC SYSTEM IN INDUSTRIES WOULD HELP TO REDUCE OPERATIONAL COST
12 SOFTWARE AND SERVICES USED IN HVAC SYSTEMS
12.1 INTRODUCTION
12.1.1 SOFTWARE
12.1.1.1 HVAC design software
12.1.1.2 HVAC service software
12.1.1.3 HVAC scheduling software
12.1.1.4 HVAC dispatch software
12.1.1.5 HVAC business software
12.1.1.6 HVAC heat load calculation software
12.1.2 SERVICES
12.1.2.1 Recent developments in the HVAC service industry
12.1.2.2 Maintenance and repair
12.1.2.3 Installation
13 HVAC SYSTEMS MARKET, BY GEOGRAPHY
13.1 INTRODUCTION
13.2 NORTH AMERICA
13.2.1 U.S.
13.2.1.1 Steps taken by the U.S. Government to reduce country’s carbon footprint
13.2.2 CANADA
13.2.2.1 Launch of National Energy Code for buildings in Canada contributing to the growth of the HVAC systems in the country
13.2.3 MEXICO
13.2.3.1 Government energy saving initiatives driving the market in Mexico
13.3 EUROPE
13.3.1 U.K.
13.3.1.1 Emphasis on various events to create awareness and promote energy-efficient HVAC System
13.3.2 GERMANY
13.3.2.1 Introduction of engineering simulation platforms for the HVAC professionals expected to support growth of the market
13.3.3 FRANCE
13.3.3.1 The Grenelle Environment initiative to drive HVAC systems market in France
13.3.4 REST OF EUROPE
13.3.4.1 European Union’s heating and cooling strategy
13.4 ASIA-PACIFIC
13.4.1 CHINA
13.4.1.1 Expansion plans of leading manufacturing companies supporting the growth of the HVAC industry in China
13.4.2 JAPAN
13.4.2.1 Joint ventures and new product developments supporting the growth of the market in Japan
13.4.3 INDIA
13.4.3.1 Proactive steps taken by the government helping the HVAC industry
13.4.4 REST OF APAC
13.4.4.1 Countries are taking initiatives to implement green building technology for sustainable development
13.5 REST OF THE WORLD
13.5.1 SOUTH AMERICA
13.5.1.1 Rio Olympics 2016 created a big opportunity for the HVAC systems market
13.5.2 MIDDLE EAST
13.5.2.1 Government regulations for energy efficiency and growing infrastructure driving the HVAC systems market
13.5.3 AFRICA
13.5.3.1 Attractive construction sector is driving the HVAC systems market
14 COMPETITIVE LANDSCAPE
14.1 OVERVIEW
14.2 RANKING ANALYSIS FOR HVAC SYSTEM MANUFACTURERS
14.3 COMPETITIVE SITUATION AND TRENDS
14.3.1 NEW PRODUCT LAUNCHES AND DEVELOPMENTS
14.3.2 EXPANSIONS
14.3.3 ACQUISITIONS AND CONTRACTS
14.3.4 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES
15 COMPANY PROFILES
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
15.1 INTRODUCTION
15.2 DAIKIN INDUSTRIES LTD.
15.3 INGERSOLL RAND PLC.
15.4 JOHNSON CONTROLS, INC.
15.5 NORTEK, INC.
15.6 UNITED TECHNOLOGIES CORP.
15.7 ELECTROLUX AB
15.8 EMERSON ELECTRIC CO.
15.9 HONEYWELL INTERNATIONAL INC.
15.10 LENNOX INTERNATIONAL INC.
15.11 LG ELECTRONICS
15.12 MITSUBISHI ELECTRIC CORP.
15.13 PANASONIC CORP.
15.14 QINGDAO HAIER CO., LTD.
15.15 SAMSUNG ELECTRONICS CO., LTD.
15.16 WHIRLPOOL CORP.
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.
16 APPENDIX
16.1 INSIGHTS OF INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
16.5 AVAILABLE CUSTOMIZATIONS
16.6 RELATED REPORTS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 SCOPE OF THE STUDY
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS – HVAC SYSTEMS MARKET
4.1 HVAC SYSTEMS MARKET, 2016–2022 (USD BILLION)
4.2 HVAC SYSTEMS MARKET, BY EQUIPMENT TYPE (2016–2022)
4.3 HVAC SYSTEMS MARKET, BY EQUIPMENT AND REGION (2016)
4.4 HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE (2016)
4.5 HVAC SYSTEMS MARKET, BY GEOGRAPHY (2016)
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.2.1 HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT
5.2.2 HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT
5.2.3 HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT
5.2.4 HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE
5.2.5 HVAC SYSTEMS MARKET, BY APPLICATION
5.2.6 HVAC SYSTEMS MARKET, BY SOFTWARE AND SERVICE
5.2.7 HVAC SYSTEMS MARKET, BY GEOGRAPHY
5.3 DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Government incentives through tax credit programs expected to drive the growth of the HVAC systems market
5.3.1.2 Increasing construction activities that would boost the implementation of HVAC systems
5.3.1.3 Government regulations and policies for energy saving expected to boost demand for HVAC systems
5.3.1.4 Growing trend of smart homes expected to increase the demand for HVAC systems
5.3.2 RESTRAINTS
5.3.2.1 High costs of skilled labor as well as installation
5.3.2.2 Lack of awareness about the benefits of HVAC systems
5.3.3 OPPORTUNITIES
5.3.3.1 Development of the next generation low global warming potential refrigerants for HVAC systems
5.3.3.2 Transformation of IoT within the HVAC industry
5.3.4 CHALLENGES
5.3.4.1 Complexities in the replacement of HVAC systems in existing buildings
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 PORTER’S FIVE FORCES MODEL
6.3.1 INTENSITY OF COMPETITIVE RIVALRY
6.3.2 THREAT OF SUBSTITUTES
6.3.3 BARGAINING POWER OF BUYERS
6.3.4 BARGAINING POWER OF SUPPLIERS
6.3.5 THREAT OF NEW ENTRANTS
6.4 REGULATORY STANDARDS
6.4.1 MONTREAL PROTOCOL
6.4.2 KYOTO PROTOCOL
6.4.3 LEED CERTIFICATION
7 HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT
7.1 INTRODUCTION
7.2 HEAT PUMP
7.2.1 AIR-TO-AIR HEAT PUMP
7.2.2 AIR-TO-WATER HEAT PUMP
7.2.3 WATER-TO-WATER HEAT PUMP
7.3 FURNACE
7.3.1 OIL FURNACE
7.3.2 GAS FURNACE
7.3.3 ELECTRIC FURNACE
7.4 BOILER
7.4.1 STEAM BOILER
7.4.2 HOT WATER BOILER
7.5 UNITARY HEATER
7.5.1 GAS UNIT HEATER
7.5.2 OIL FIRED UNIT HEATER
7.5.3 ELECTRIC UNIT HEATER
8 HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT
8.1 INTRODUCTION
8.2 HUMIDIFIER
8.2.1 WARM-MIST HUMIDIFIER
8.2.2 ULTRASONIC HUMIDIFIER
8.2.3 COOL-MIST HUMIDIFIER
8.3 DEHUMIDIFIER
8.3.1 REFRIGERATION DEHUMIDIFIER
8.3.2 ABSORPTION DEHUMIDIFIER
8.4 AIR PURIFIER
8.4.1 HEPA AIR PURIFIER
8.4.2 ACTIVATED CARBON AIR PURIFIER
8.4.3 ELECTROSTATIC AIR PURIFIER
8.4.4 IONIC AIR PURIFIER
8.5 AIR FILTER
8.6 VENTILATION FAN
8.6.1 CROSS FLOW FAN
8.6.2 AXIAL FAN
8.6.3 CENTRIFUGAL FAN
8.6.4 DOMESTIC FAN
8.6.5 RANGE HOOD FAN
8.6.6 POWER ROOF FAN
8.7 OTHERS
8.7.1 DUCT
8.7.1.1 Rigid duct
8.7.1.2 Flexible duct
8.7.2 DIFFUSER
9 HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT
9.1 INTRODUCTION
9.2 ROOM AIR-CONDITIONER
9.3 UNITARY AIR-CONDITIONER
9.3.1 SPLIT-AIR-CONDITIONER
9.3.2 PACKAGED AIR-CONDITIONER
9.4 CHILLER
9.4.1 SCROLL CHILLER
9.4.2 SCREW CHILLER
9.4.3 CENTRIFUGAL CHILLER
9.4.4 RECIPROCATING CHILLER
9.4.5 ABSORPTION CHILLER
9.5 COOLER
9.5.1 DUCTED COOLER
9.5.2 WINDOW COOLER
9.6 COOLING TOWER
9.6.1 EVAPORATIVE COOLING TOWER
9.6.2 DRY COOLING TOWER
9.6.3 HYBRID COOLING TOWER
10 HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE
10.1 INTRODUCTION
10.2 NEW CONSTRUCTION
10.2.1 GOVERNMENT REGULATIONS FOR GREENER BUILDINGS AND SMART CONTROLS IS CHANGING HVAC INDUSTRY
10.3 RETROFIT BUILDING
10.3.1 ATTRACTIVE TAX BENEFITS BY THE U.S. GOVERNMENT FOR ENERGY-EFFICIENT HVAC SYSTEM IS ENCOURAGING RETROFIT MARKET
11 HVAC SYSTEMS MARKET, BY APPLICATION
11.1 INTRODUCTION
11.2 RESIDENTIAL
11.2.1 INCREASING AWARENESS FOR ENERGY EFFICIENCY
11.2.2 GOVERNMENT REGULATIONS AND TAX CREDIT PROGRAMS TO PROMOTE HVAC SYSTEM
11.3 COMMERCIAL
11.3.1 HEALTHCARE
11.3.2 EDUCATION
11.3.3 GOVERNMENT
11.3.4 OFFICE
11.3.5 AIRPORT
11.3.6 RETAIL
11.4 INDUSTRIAL
11.4.1 ENERGY EFFICIENT HVAC SYSTEM IN INDUSTRIES WOULD HELP TO REDUCE OPERATIONAL COST
12 SOFTWARE AND SERVICES USED IN HVAC SYSTEMS
12.1 INTRODUCTION
12.1.1 SOFTWARE
12.1.1.1 HVAC design software
12.1.1.2 HVAC service software
12.1.1.3 HVAC scheduling software
12.1.1.4 HVAC dispatch software
12.1.1.5 HVAC business software
12.1.1.6 HVAC heat load calculation software
12.1.2 SERVICES
12.1.2.1 Recent developments in the HVAC service industry
12.1.2.2 Maintenance and repair
12.1.2.3 Installation
13 HVAC SYSTEMS MARKET, BY GEOGRAPHY
13.1 INTRODUCTION
13.2 NORTH AMERICA
13.2.1 U.S.
13.2.1.1 Steps taken by the U.S. Government to reduce country’s carbon footprint
13.2.2 CANADA
13.2.2.1 Launch of National Energy Code for buildings in Canada contributing to the growth of the HVAC systems in the country
13.2.3 MEXICO
13.2.3.1 Government energy saving initiatives driving the market in Mexico
13.3 EUROPE
13.3.1 U.K.
13.3.1.1 Emphasis on various events to create awareness and promote energy-efficient HVAC System
13.3.2 GERMANY
13.3.2.1 Introduction of engineering simulation platforms for the HVAC professionals expected to support growth of the market
13.3.3 FRANCE
13.3.3.1 The Grenelle Environment initiative to drive HVAC systems market in France
13.3.4 REST OF EUROPE
13.3.4.1 European Union’s heating and cooling strategy
13.4 ASIA-PACIFIC
13.4.1 CHINA
13.4.1.1 Expansion plans of leading manufacturing companies supporting the growth of the HVAC industry in China
13.4.2 JAPAN
13.4.2.1 Joint ventures and new product developments supporting the growth of the market in Japan
13.4.3 INDIA
13.4.3.1 Proactive steps taken by the government helping the HVAC industry
13.4.4 REST OF APAC
13.4.4.1 Countries are taking initiatives to implement green building technology for sustainable development
13.5 REST OF THE WORLD
13.5.1 SOUTH AMERICA
13.5.1.1 Rio Olympics 2016 created a big opportunity for the HVAC systems market
13.5.2 MIDDLE EAST
13.5.2.1 Government regulations for energy efficiency and growing infrastructure driving the HVAC systems market
13.5.3 AFRICA
13.5.3.1 Attractive construction sector is driving the HVAC systems market
14 COMPETITIVE LANDSCAPE
14.1 OVERVIEW
14.2 RANKING ANALYSIS FOR HVAC SYSTEM MANUFACTURERS
14.3 COMPETITIVE SITUATION AND TRENDS
14.3.1 NEW PRODUCT LAUNCHES AND DEVELOPMENTS
14.3.2 EXPANSIONS
14.3.3 ACQUISITIONS AND CONTRACTS
14.3.4 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES
15 COMPANY PROFILES
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
15.1 INTRODUCTION
15.2 DAIKIN INDUSTRIES LTD.
15.3 INGERSOLL RAND PLC.
15.4 JOHNSON CONTROLS, INC.
15.5 NORTEK, INC.
15.6 UNITED TECHNOLOGIES CORP.
15.7 ELECTROLUX AB
15.8 EMERSON ELECTRIC CO.
15.9 HONEYWELL INTERNATIONAL INC.
15.10 LENNOX INTERNATIONAL INC.
15.11 LG ELECTRONICS
15.12 MITSUBISHI ELECTRIC CORP.
15.13 PANASONIC CORP.
15.14 QINGDAO HAIER CO., LTD.
15.15 SAMSUNG ELECTRONICS CO., LTD.
15.16 WHIRLPOOL CORP.
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.
16 APPENDIX
16.1 INSIGHTS OF INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
16.5 AVAILABLE CUSTOMIZATIONS
16.6 RELATED REPORTS
LIST OF TABLES
TABLE 1 GOVERNMENT INCENTIVES THROUGH TAX CREDIT PROGRAMS IS EXPECTED TO INCREASE THE DEMAND FOR HVAC
TABLE 2 HIGH COSTS OF SKILLED LABOR AS WELL AS INSTALLATION HINDERING MARKET GROWTH
TABLE 3 DEVELOPMENT OF THE NEXT GENERATION LOW GWP REFRIGERANTS FOR HVAC SYSTEMS
TABLE 4 COMPLEXITIES IN THE REPLACEMENT OF HVAC SYSTEMS IN EXISTING BUILDINGS
TABLE 5 HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 6 HVAC SYSTEMS MARKET FOR HEATING EQUIPMENT, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 7 HVAC SYSTEMS MARKET FOR HEATING EQUIPMENT, BY REGION, 2013–2022 (USD BILLION)
TABLE 8 HVAC SYSTEMS MARKET FOR HEAT PUMPS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 9 HVAC SYSTEMS MARKET FOR HEAT PUMPS, BY REGION, 2013–2022 (USD BILLION)
TABLE 10 HVAC SYSTEMS MARKET FOR FURNACES, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 11 HVAC SYSTEMS MARKET FOR FURNACES, BY REGION, 2013–2022 (USD BILLION)
TABLE 12 HVAC SYSTEMS MARKET FOR BOILERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 13 HVAC SYSTEMS MARKET FOR BOILERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 14 HVAC SYSTEMS MARKET FOR UNITARY HEATERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 15 HVAC SYSTEMS MARKET FOR UNITARY HEATERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 16 HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 17 HVAC SYSTEMS MARKET FOR VENTILATION EQUIPMENT, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 18 HVAC SYSTEMS MARKET FOR VENTILATION EQUIPMENT, BY REGION, 2013–2022 (USD BILLION)
TABLE 19 HVAC SYSTEMS MARKET FOR HUMIDIFIERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 20 HVAC SYSTEMS MARKET FOR HUMIDIFIERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 21 HVAC SYSTEMS MARKET FOR DEHUMIDIFIERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 22 HVAC SYSTEMS MARKET FOR DEHUMIDIFIERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 23 HVAC SYSTEMS MARKET FOR AIR PURIFIERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 24 HVAC SYSTEMS MARKET FOR AIR PURIFIERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 25 HVAC SYSTEMS MARKET FOR AIR FILTERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 26 HVAC SYSTEMS MARKET FOR AIR FILTERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 27 HVAC SYSTEMS MARKET FOR VENTILATION FANS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 28 HVAC SYSTEMS MARKET FOR VENTILATION FANS, BY REGION, 2013–2022 (USD MILLION)
TABLE 29 HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 30 HVAC SYSTEMS MARKET FOR COOLING EQUIPMENT, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 31 HVAC SYSTEMS MARKET FOR COOLING EQUIPMENT, BY REGION, 2013–2022 (USD BILLION)
TABLE 32 HVAC SYSTEMS MARKET FOR ROOM AIR-CONDITIONERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 33 HVAC SYSTEMS MARKET FOR ROOM AIR-CONDITIONERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 34 HVAC SYSTEMS MARKET FOR UNITARY AIR-CONDITIONERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 35 HVAC SYSTEMS MARKET FOR UNITARY AIR-CONDITIONERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 36 HVAC SYSTEMS MARKET FOR CHILLERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 37 HVAC SYSTEMS MARKET FOR CHILLERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 38 HVAC SYSTEMS MARKET FOR COOLERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 39 HVAC SYSTEMS MARKET FOR COOLERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 40 HVAC SYSTEMS MARKET FOR COOLING TOWERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 41 HVAC SYSTEMS MARKET FOR COOLING TOWERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 42 HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE, 2013–2022 (USD BILLION)
TABLE 43 HVAC SYSTEMS MARKET, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 44 HVAC SYSTEMS MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2013–2022 (USD BILLION)
TABLE 45 HVAC SYSTEMS MARKET, BY REGION, 2013–2022 (USD BILLION)
TABLE 46 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD BILLION)
TABLE 47 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY EQUIPMENT TYPE, 2013–2022 (USD BILLION)
TABLE 48 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY HEATING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 49 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY VENTILATION EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 50 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 51 HVAC SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2013–2022 (USD BILLION)
TABLE 52 HVAC SYSTEMS MARKET IN EUROPE, BY EQUIPMENT TYPE, 2013–2022 (USD BILLION)
TABLE 53 HVAC SYSTEMS MARKET IN EUROPE, BY HEATING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 54 HVAC SYSTEMS MARKET IN EUROPE, BY VENTILATION EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 55 HVAC SYSTEMS MARKET IN EUROPE, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 56 HVAC SYSTEMS MARKET IN APAC, BY COUNTRY, 2013–2022 (USD BILLION)
TABLE 57 HVAC SYSTEMS MARKET IN APAC, BY EQUIPMENT TYPE, 2013–2022 (USD BILLION)
TABLE 58 HVAC SYSTEMS MARKET IN APAC, BY HEATING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 59 HVAC SYSTEMS MARKET IN APAC, BY VENTILATION EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 60 HVAC SYSTEMS MARKET IN APAC, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 61 HVAC SYSTEMS MARKET IN ROW, BY REGION, 2013–2022 (USD BILLION)
TABLE 62 HVAC SYSTEMS MARKET IN ROW, BY EQUIPMENT TYPE, 2013–2022 (USD BILLION)
TABLE 63 HVAC SYSTEMS MARKET IN ROW, BY HEATING EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 64 HVAC SYSTEMS MARKET IN ROW, BY VENTILATION EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 65 HVAC SYSTEMS MARKET IN ROW, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 66 NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2014–2016
TABLE 67 EXPANSIONS, 2014–2016
TABLE 68 ACQUISITIONS AND CONTRACTS, 2014–2016
TABLE 69 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES, 2014–2016
TABLE 1 GOVERNMENT INCENTIVES THROUGH TAX CREDIT PROGRAMS IS EXPECTED TO INCREASE THE DEMAND FOR HVAC
TABLE 2 HIGH COSTS OF SKILLED LABOR AS WELL AS INSTALLATION HINDERING MARKET GROWTH
TABLE 3 DEVELOPMENT OF THE NEXT GENERATION LOW GWP REFRIGERANTS FOR HVAC SYSTEMS
TABLE 4 COMPLEXITIES IN THE REPLACEMENT OF HVAC SYSTEMS IN EXISTING BUILDINGS
TABLE 5 HVAC SYSTEMS MARKET, BY HEATING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 6 HVAC SYSTEMS MARKET FOR HEATING EQUIPMENT, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 7 HVAC SYSTEMS MARKET FOR HEATING EQUIPMENT, BY REGION, 2013–2022 (USD BILLION)
TABLE 8 HVAC SYSTEMS MARKET FOR HEAT PUMPS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 9 HVAC SYSTEMS MARKET FOR HEAT PUMPS, BY REGION, 2013–2022 (USD BILLION)
TABLE 10 HVAC SYSTEMS MARKET FOR FURNACES, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 11 HVAC SYSTEMS MARKET FOR FURNACES, BY REGION, 2013–2022 (USD BILLION)
TABLE 12 HVAC SYSTEMS MARKET FOR BOILERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 13 HVAC SYSTEMS MARKET FOR BOILERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 14 HVAC SYSTEMS MARKET FOR UNITARY HEATERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 15 HVAC SYSTEMS MARKET FOR UNITARY HEATERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 16 HVAC SYSTEMS MARKET, BY VENTILATION EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 17 HVAC SYSTEMS MARKET FOR VENTILATION EQUIPMENT, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 18 HVAC SYSTEMS MARKET FOR VENTILATION EQUIPMENT, BY REGION, 2013–2022 (USD BILLION)
TABLE 19 HVAC SYSTEMS MARKET FOR HUMIDIFIERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 20 HVAC SYSTEMS MARKET FOR HUMIDIFIERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 21 HVAC SYSTEMS MARKET FOR DEHUMIDIFIERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 22 HVAC SYSTEMS MARKET FOR DEHUMIDIFIERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 23 HVAC SYSTEMS MARKET FOR AIR PURIFIERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 24 HVAC SYSTEMS MARKET FOR AIR PURIFIERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 25 HVAC SYSTEMS MARKET FOR AIR FILTERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 26 HVAC SYSTEMS MARKET FOR AIR FILTERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 27 HVAC SYSTEMS MARKET FOR VENTILATION FANS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 28 HVAC SYSTEMS MARKET FOR VENTILATION FANS, BY REGION, 2013–2022 (USD MILLION)
TABLE 29 HVAC SYSTEMS MARKET, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 30 HVAC SYSTEMS MARKET FOR COOLING EQUIPMENT, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 31 HVAC SYSTEMS MARKET FOR COOLING EQUIPMENT, BY REGION, 2013–2022 (USD BILLION)
TABLE 32 HVAC SYSTEMS MARKET FOR ROOM AIR-CONDITIONERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 33 HVAC SYSTEMS MARKET FOR ROOM AIR-CONDITIONERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 34 HVAC SYSTEMS MARKET FOR UNITARY AIR-CONDITIONERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 35 HVAC SYSTEMS MARKET FOR UNITARY AIR-CONDITIONERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 36 HVAC SYSTEMS MARKET FOR CHILLERS, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 37 HVAC SYSTEMS MARKET FOR CHILLERS, BY REGION, 2013–2022 (USD BILLION)
TABLE 38 HVAC SYSTEMS MARKET FOR COOLERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 39 HVAC SYSTEMS MARKET FOR COOLERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 40 HVAC SYSTEMS MARKET FOR COOLING TOWERS, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 41 HVAC SYSTEMS MARKET FOR COOLING TOWERS, BY REGION, 2013–2022 (USD MILLION)
TABLE 42 HVAC SYSTEMS MARKET, BY IMPLEMENTATION TYPE, 2013–2022 (USD BILLION)
TABLE 43 HVAC SYSTEMS MARKET, BY APPLICATION, 2013–2022 (USD BILLION)
TABLE 44 HVAC SYSTEMS MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2013–2022 (USD BILLION)
TABLE 45 HVAC SYSTEMS MARKET, BY REGION, 2013–2022 (USD BILLION)
TABLE 46 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD BILLION)
TABLE 47 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY EQUIPMENT TYPE, 2013–2022 (USD BILLION)
TABLE 48 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY HEATING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 49 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY VENTILATION EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 50 HVAC SYSTEMS MARKET IN NORTH AMERICA, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 51 HVAC SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2013–2022 (USD BILLION)
TABLE 52 HVAC SYSTEMS MARKET IN EUROPE, BY EQUIPMENT TYPE, 2013–2022 (USD BILLION)
TABLE 53 HVAC SYSTEMS MARKET IN EUROPE, BY HEATING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 54 HVAC SYSTEMS MARKET IN EUROPE, BY VENTILATION EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 55 HVAC SYSTEMS MARKET IN EUROPE, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 56 HVAC SYSTEMS MARKET IN APAC, BY COUNTRY, 2013–2022 (USD BILLION)
TABLE 57 HVAC SYSTEMS MARKET IN APAC, BY EQUIPMENT TYPE, 2013–2022 (USD BILLION)
TABLE 58 HVAC SYSTEMS MARKET IN APAC, BY HEATING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 59 HVAC SYSTEMS MARKET IN APAC, BY VENTILATION EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 60 HVAC SYSTEMS MARKET IN APAC, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 61 HVAC SYSTEMS MARKET IN ROW, BY REGION, 2013–2022 (USD BILLION)
TABLE 62 HVAC SYSTEMS MARKET IN ROW, BY EQUIPMENT TYPE, 2013–2022 (USD BILLION)
TABLE 63 HVAC SYSTEMS MARKET IN ROW, BY HEATING EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 64 HVAC SYSTEMS MARKET IN ROW, BY VENTILATION EQUIPMENT, 2013–2022 (USD MILLION)
TABLE 65 HVAC SYSTEMS MARKET IN ROW, BY COOLING EQUIPMENT, 2013–2022 (USD BILLION)
TABLE 66 NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2014–2016
TABLE 67 EXPANSIONS, 2014–2016
TABLE 68 ACQUISITIONS AND CONTRACTS, 2014–2016
TABLE 69 AGREEMENTS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES, 2014–2016
LIST OF FIGURES
FIGURE 1 HVAC SYSTEMS MARKET SEGMENTATION
FIGURE 2 HVAC SYSTEMS MARKET: RESEARCH DESIGN
FIGURE 3 BOTTOM-UP APPROACH TO ARRIVE AT THE MARKET SIZE
FIGURE 4 TOP-DOWN APPROACH TO ARRIVE AT THE MARKET SIZE
FIGURE 5 DATA TRIANGULATION
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY
FIGURE 7 HVAC SYSTEMS MARKET SNAPSHOT (2016 VS. 2022): MARKET FOR COOLING EQUIPMENT TO BE THE LARGEST
FIGURE 8 HEAT PUMPS EXPECTED TO HOLD A MAJOR SHARE OF THE MARKET FOR HEATING EQUIPMENT DURING THE FORECAST PERIOD
FIGURE 9 AIR FILTERS EXPECTED TO LEAD THE VENTILATION EQUIPMENT MARKET BETWEEN 2016 AND 2022
FIGURE 10 UNITARY AIR CONDITIONERS TO LEAD THE MARKET FOR COOLING EQUIPMENT BETWEEN 2016 AND 2022
FIGURE 11 NEW CONSTRUCTIONS TO EXHIBIT HIGH GROWTH BETWEEN 2016 AND 2022
FIGURE 12 COMMERCIAL APPLICATION TO HOLD THE LARGEST MARKET SHARE BY 2022
FIGURE 13 APAC TO HOLD THE LARGEST MARKET SHARE, 2016
FIGURE 14 ATTRACTIVE GROWTH OPPORTUNITIES IN THE HVAC SYSTEMS MARKET
FIGURE 15 MARKET FOR HEATING EQUIPMENT EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2016 AND 2022
FIGURE 16 UNITARY AIR CONDITIONERS TO HOLD THE LARGEST SHARE OF THE GLOBAL HVAC SYSTEMS MARKET IN 2016
FIGURE 17 NEW CONSTRUCTIONS EXPECTED TO HOLD THE LARGEST MARKET SHARE IN 2016
FIGURE 18 CHINA TO HOLD THE LARGEST SHARE OF THE HVAC SYSTEMS MARKET
FIGURE 19 HVAC SYSTEMS MARKET SEGMENTATION, BY GEOGRAPHY
FIGURE 20 DROC: HVAC SYSTEMS MARKET, 2015
FIGURE 21 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING THE MANUFACTURING STAGE
FIGURE 22 HVAC SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 23 INTENSITY OF COMPETITIVE RIVALRY EXPECTED TO HAVE A HIGH IMPACT
FIGURE 24 LARGE NUMBER OF SUPPLIERS LEADING TO INTENSE COMPETITION
FIGURE 25 MEDIUM THREAT OF SUBSTITUTES FOR THE HVAC SYSTEMS MARKET
FIGURE 26 HIGH BARGAINING POWER OF BUYERS IN THE HVAC SYSTEMS MARKET
FIGURE 27 MEDIUM BARGAINING POWER OF SUPPLIERS DUE TO LESS PRODUCT DIFFERENTIATION
FIGURE 28 MEDIUM THREAT OF NEW ENTRANTS DUE TO HIGH CAPITAL INVESTMENTS
FIGURE 29 HVAC SYSTEMS MARKET SEGMENTATION, BY HEATING EQUIPMENT
FIGURE 30 EUROPE IS EXPECTED TO LEAD THE HEATING EQUIPMENT MARKET BETWEEN 2016 AND 2022
FIGURE 31 RESIDENTIAL APPLICATION EXPECTED TO HOLD THE LARGEST SIZE OF THE FURNACE MARKET DURING THE FORECAST PERIOD
FIGURE 32 HUGE DEMAND EXPECTED FROM THE APAC REGION IN THE BOILER MARKET DURING THE FORECAST PERIOD
FIGURE 33 HVAC SYSTEMS MARKET SEGMENTATION, BY VENTILATION EQUIPMENT
FIGURE 34 APAC EXPECTED TO DOMINATE THE VENTILATION EQUIPMENT MARKET DURING THE FORECAST PERIOD
FIGURE 35 NORTH AMERICA EXPECTED TO HOLD THE LARGEST MARKET FOR HUMIDIFIER BETWEEN 2016 AND 2022
FIGURE 36 NORTH AMERICA HELD THE LARGEST SHARE OF THE DEHUMIDIFIER MARKET IN 2016
FIGURE 37 COMMERCIAL APPLICATION EXPECTED TO HOLD THE LARGEST MARKET FOR THE AIR FILTER DURING THE FORECAST PERIOD
FIGURE 38 APAC EXPECTED TO HOLD THE LARGEST SIZE OF THE VENTILATION FAN MARKET DURING THE FORECAST PERIOD
FIGURE 39 HVAC SYSTEMS MARKET SEGMENTATION, BY COOLING EQUIPMENT
FIGURE 40 APAC EXPECTED TO LEAD THE ROOM AIR-CONDITIONER MARKET BETWEEN 2016 AND 2022
FIGURE 41 HUGE GROWTH IS EXPECTED FROM NORTH AMERICA IN THE UNITARY AIR-CONDITIONER MARKET
FIGURE 42 COMMERCIAL APPLICATION EXPECTED TO LEAD THE CHILLER MARKET DURING FORECAST PERIOD
FIGURE 43 APAC TO BE THE MAJOR MARKET FOR COOLERS BETWEEN 2016 AND 2022
FIGURE 44 HVAC SYSTEMS MARKET SEGMENTATION, BY IMPLEMENTATION TYPE
FIGURE 45 THE MARKET FOR NEW CONSTRUCTION DOMINATED THE GLOBAL HVAC SYSTEMS MARKET IN 2016
FIGURE 46 HVAC SYSTEMS MARKET SEGMENTATION, BY APPLICATION
FIGURE 47 COMMERCIAL APPLICATION MARKET SEGMENTATION, BY TYPE
FIGURE 48 OFFICE BUILDINGS TO HOLD THE LARGEST SIZE OF THE HVAC SYSTEMS MARKET BETWEEN 2016 AND 2022
FIGURE 49 SOFTWARE AND SERVICES USED IN HVAC SYSTEMS
FIGURE 50 HVAC SERVICES MARKET, 2013–2022 (USD BILLION)
FIGURE 51 HVAC SYSTEMS MARKET IN INDIA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 52 APAC TO DOMINATE THE HVAC SYSTEMS MARKET BETWEEN 2016 AND 2022
FIGURE 53 HVAC SYSTEMS MARKET SNAPSHOT OF NORTH AMERICA: DEMAND TO BE DRIVEN BY THE INCREASING PREFERENCE TOWARDS ENERGY-EFFICIENT HVAC SYSTEMS
FIGURE 54 COOLING EQUIPMENT EXPECTED TO DOMINATE HVAC SYSTEMS MARKET IN NORTH AMERICA BETWEEN 2016 AND 2022
FIGURE 55 UNITARY AIR-CONDITIONER TO HOLD THE LARGEST SIZE OF THE COOLING EQUIPMENT MARKET IN NORTH AMERICA IN 2016
FIGURE 56 HEATING EQUIPMENT EXPECTED TO DOMINATE THE HVAC SYSTEMS MARKET IN EUROPE DURING FORECAST PERIOD
FIGURE 57 HVAC SYSTEMS MARKET IN ASIA-PACIFIC SNAPSHOT: CHINA HOLDS THE LARGEST MARKET SIZE
FIGURE 58 CHINA EXPECTED TO HOLD THE LARGEST SIZE OF THE HVAC SYSTEMS MARKET IN APAC BETWEEN 2016 AND 2022
FIGURE 59 MIDDLE EAST TO DOMINATE THE HVAC SYSTEMS MARKET IN THE ROW
FIGURE 60 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AND DEVELOPMENTS AS A KEY GROWTH STRATEGY BETWEEN 2014 AND 2016
FIGURE 61 RANKING OF TOP 5 PLAYERS: HVAC SYSTEMS MARKET, 2015
FIGURE 62 BATTLE FOR MARKET SHARE: “NEW PRODUCT LAUNCHES & DEVELOPMENTS” WAS THE KEY STRATEGY BETWEEN 2014 AND 2016
FIGURE 63 GEOGRAPHIC REVENUE MIX OF THE TOP 5 PLAYERS (2015)
FIGURE 64 DAIKIN INDUSTRIES LTD.: COMPANY SNAPSHOT
FIGURE 65 DAIKIN INDUSTRIES LTD.: SWOT ANALYSIS
FIGURE 66 INGERSOLL RAND PLC.: COMPANY SNAPSHOT
FIGURE 67 INGERSOLL RAND PLC: SWOT ANALYSIS
FIGURE 68 JOHNSON CONTROLS INC.: COMPANY SNAPSHOT
FIGURE 69 JOHNSON CONTROLS INC.: SWOT ANALYSIS
FIGURE 70 NORTEK, INC.: COMPANY SNAPSHOT
FIGURE 71 NORTEK, INC.: SWOT ANALYSIS
FIGURE 72 UNITED TECHNOLOGIES CORP.: COMPANY SNAPSHOT
FIGURE 73 UNITED TECHNOLOGIES CORP.: SWOT ANALYSIS
FIGURE 74 ELECTROLUX AB: COMPANY SNAPSHOT
FIGURE 75 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
FIGURE 76 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 77 LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 78 LG ELECTRONICS: COMPANY SNAPSHOT
FIGURE 79 MITSUBISHI ELECTRIC CORP.: COMPANY SNAPSHOT
FIGURE 80 PANASONIC CORP.: COMPANY SNAPSHOT
FIGURE 81 QINGDAO HAIER CO., LTD.: COMPANY SNAPSHOT
FIGURE 82 SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
FIGURE 83 WHIRLPOOL CORP.: COMPANY SNAPSHOT
FIGURE 1 HVAC SYSTEMS MARKET SEGMENTATION
FIGURE 2 HVAC SYSTEMS MARKET: RESEARCH DESIGN
FIGURE 3 BOTTOM-UP APPROACH TO ARRIVE AT THE MARKET SIZE
FIGURE 4 TOP-DOWN APPROACH TO ARRIVE AT THE MARKET SIZE
FIGURE 5 DATA TRIANGULATION
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY
FIGURE 7 HVAC SYSTEMS MARKET SNAPSHOT (2016 VS. 2022): MARKET FOR COOLING EQUIPMENT TO BE THE LARGEST
FIGURE 8 HEAT PUMPS EXPECTED TO HOLD A MAJOR SHARE OF THE MARKET FOR HEATING EQUIPMENT DURING THE FORECAST PERIOD
FIGURE 9 AIR FILTERS EXPECTED TO LEAD THE VENTILATION EQUIPMENT MARKET BETWEEN 2016 AND 2022
FIGURE 10 UNITARY AIR CONDITIONERS TO LEAD THE MARKET FOR COOLING EQUIPMENT BETWEEN 2016 AND 2022
FIGURE 11 NEW CONSTRUCTIONS TO EXHIBIT HIGH GROWTH BETWEEN 2016 AND 2022
FIGURE 12 COMMERCIAL APPLICATION TO HOLD THE LARGEST MARKET SHARE BY 2022
FIGURE 13 APAC TO HOLD THE LARGEST MARKET SHARE, 2016
FIGURE 14 ATTRACTIVE GROWTH OPPORTUNITIES IN THE HVAC SYSTEMS MARKET
FIGURE 15 MARKET FOR HEATING EQUIPMENT EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2016 AND 2022
FIGURE 16 UNITARY AIR CONDITIONERS TO HOLD THE LARGEST SHARE OF THE GLOBAL HVAC SYSTEMS MARKET IN 2016
FIGURE 17 NEW CONSTRUCTIONS EXPECTED TO HOLD THE LARGEST MARKET SHARE IN 2016
FIGURE 18 CHINA TO HOLD THE LARGEST SHARE OF THE HVAC SYSTEMS MARKET
FIGURE 19 HVAC SYSTEMS MARKET SEGMENTATION, BY GEOGRAPHY
FIGURE 20 DROC: HVAC SYSTEMS MARKET, 2015
FIGURE 21 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING THE MANUFACTURING STAGE
FIGURE 22 HVAC SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 23 INTENSITY OF COMPETITIVE RIVALRY EXPECTED TO HAVE A HIGH IMPACT
FIGURE 24 LARGE NUMBER OF SUPPLIERS LEADING TO INTENSE COMPETITION
FIGURE 25 MEDIUM THREAT OF SUBSTITUTES FOR THE HVAC SYSTEMS MARKET
FIGURE 26 HIGH BARGAINING POWER OF BUYERS IN THE HVAC SYSTEMS MARKET
FIGURE 27 MEDIUM BARGAINING POWER OF SUPPLIERS DUE TO LESS PRODUCT DIFFERENTIATION
FIGURE 28 MEDIUM THREAT OF NEW ENTRANTS DUE TO HIGH CAPITAL INVESTMENTS
FIGURE 29 HVAC SYSTEMS MARKET SEGMENTATION, BY HEATING EQUIPMENT
FIGURE 30 EUROPE IS EXPECTED TO LEAD THE HEATING EQUIPMENT MARKET BETWEEN 2016 AND 2022
FIGURE 31 RESIDENTIAL APPLICATION EXPECTED TO HOLD THE LARGEST SIZE OF THE FURNACE MARKET DURING THE FORECAST PERIOD
FIGURE 32 HUGE DEMAND EXPECTED FROM THE APAC REGION IN THE BOILER MARKET DURING THE FORECAST PERIOD
FIGURE 33 HVAC SYSTEMS MARKET SEGMENTATION, BY VENTILATION EQUIPMENT
FIGURE 34 APAC EXPECTED TO DOMINATE THE VENTILATION EQUIPMENT MARKET DURING THE FORECAST PERIOD
FIGURE 35 NORTH AMERICA EXPECTED TO HOLD THE LARGEST MARKET FOR HUMIDIFIER BETWEEN 2016 AND 2022
FIGURE 36 NORTH AMERICA HELD THE LARGEST SHARE OF THE DEHUMIDIFIER MARKET IN 2016
FIGURE 37 COMMERCIAL APPLICATION EXPECTED TO HOLD THE LARGEST MARKET FOR THE AIR FILTER DURING THE FORECAST PERIOD
FIGURE 38 APAC EXPECTED TO HOLD THE LARGEST SIZE OF THE VENTILATION FAN MARKET DURING THE FORECAST PERIOD
FIGURE 39 HVAC SYSTEMS MARKET SEGMENTATION, BY COOLING EQUIPMENT
FIGURE 40 APAC EXPECTED TO LEAD THE ROOM AIR-CONDITIONER MARKET BETWEEN 2016 AND 2022
FIGURE 41 HUGE GROWTH IS EXPECTED FROM NORTH AMERICA IN THE UNITARY AIR-CONDITIONER MARKET
FIGURE 42 COMMERCIAL APPLICATION EXPECTED TO LEAD THE CHILLER MARKET DURING FORECAST PERIOD
FIGURE 43 APAC TO BE THE MAJOR MARKET FOR COOLERS BETWEEN 2016 AND 2022
FIGURE 44 HVAC SYSTEMS MARKET SEGMENTATION, BY IMPLEMENTATION TYPE
FIGURE 45 THE MARKET FOR NEW CONSTRUCTION DOMINATED THE GLOBAL HVAC SYSTEMS MARKET IN 2016
FIGURE 46 HVAC SYSTEMS MARKET SEGMENTATION, BY APPLICATION
FIGURE 47 COMMERCIAL APPLICATION MARKET SEGMENTATION, BY TYPE
FIGURE 48 OFFICE BUILDINGS TO HOLD THE LARGEST SIZE OF THE HVAC SYSTEMS MARKET BETWEEN 2016 AND 2022
FIGURE 49 SOFTWARE AND SERVICES USED IN HVAC SYSTEMS
FIGURE 50 HVAC SERVICES MARKET, 2013–2022 (USD BILLION)
FIGURE 51 HVAC SYSTEMS MARKET IN INDIA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 52 APAC TO DOMINATE THE HVAC SYSTEMS MARKET BETWEEN 2016 AND 2022
FIGURE 53 HVAC SYSTEMS MARKET SNAPSHOT OF NORTH AMERICA: DEMAND TO BE DRIVEN BY THE INCREASING PREFERENCE TOWARDS ENERGY-EFFICIENT HVAC SYSTEMS
FIGURE 54 COOLING EQUIPMENT EXPECTED TO DOMINATE HVAC SYSTEMS MARKET IN NORTH AMERICA BETWEEN 2016 AND 2022
FIGURE 55 UNITARY AIR-CONDITIONER TO HOLD THE LARGEST SIZE OF THE COOLING EQUIPMENT MARKET IN NORTH AMERICA IN 2016
FIGURE 56 HEATING EQUIPMENT EXPECTED TO DOMINATE THE HVAC SYSTEMS MARKET IN EUROPE DURING FORECAST PERIOD
FIGURE 57 HVAC SYSTEMS MARKET IN ASIA-PACIFIC SNAPSHOT: CHINA HOLDS THE LARGEST MARKET SIZE
FIGURE 58 CHINA EXPECTED TO HOLD THE LARGEST SIZE OF THE HVAC SYSTEMS MARKET IN APAC BETWEEN 2016 AND 2022
FIGURE 59 MIDDLE EAST TO DOMINATE THE HVAC SYSTEMS MARKET IN THE ROW
FIGURE 60 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AND DEVELOPMENTS AS A KEY GROWTH STRATEGY BETWEEN 2014 AND 2016
FIGURE 61 RANKING OF TOP 5 PLAYERS: HVAC SYSTEMS MARKET, 2015
FIGURE 62 BATTLE FOR MARKET SHARE: “NEW PRODUCT LAUNCHES & DEVELOPMENTS” WAS THE KEY STRATEGY BETWEEN 2014 AND 2016
FIGURE 63 GEOGRAPHIC REVENUE MIX OF THE TOP 5 PLAYERS (2015)
FIGURE 64 DAIKIN INDUSTRIES LTD.: COMPANY SNAPSHOT
FIGURE 65 DAIKIN INDUSTRIES LTD.: SWOT ANALYSIS
FIGURE 66 INGERSOLL RAND PLC.: COMPANY SNAPSHOT
FIGURE 67 INGERSOLL RAND PLC: SWOT ANALYSIS
FIGURE 68 JOHNSON CONTROLS INC.: COMPANY SNAPSHOT
FIGURE 69 JOHNSON CONTROLS INC.: SWOT ANALYSIS
FIGURE 70 NORTEK, INC.: COMPANY SNAPSHOT
FIGURE 71 NORTEK, INC.: SWOT ANALYSIS
FIGURE 72 UNITED TECHNOLOGIES CORP.: COMPANY SNAPSHOT
FIGURE 73 UNITED TECHNOLOGIES CORP.: SWOT ANALYSIS
FIGURE 74 ELECTROLUX AB: COMPANY SNAPSHOT
FIGURE 75 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
FIGURE 76 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 77 LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 78 LG ELECTRONICS: COMPANY SNAPSHOT
FIGURE 79 MITSUBISHI ELECTRIC CORP.: COMPANY SNAPSHOT
FIGURE 80 PANASONIC CORP.: COMPANY SNAPSHOT
FIGURE 81 QINGDAO HAIER CO., LTD.: COMPANY SNAPSHOT
FIGURE 82 SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
FIGURE 83 WHIRLPOOL CORP.: COMPANY SNAPSHOT
